Sequans Communications SA (SQNS) Receives Consensus Recommendation of “Buy” from Analysts

Sequans Communications SA (NYSE:SQNS) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $2.66.

SQNS has been the subject of several research analyst reports. Canaccord Genuity decreased their price objective on shares of Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, October 31st. B. Riley decreased their price objective on shares of Sequans Communications from $2.25 to $1.65 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research report on Friday, November 9th.

Large investors have recently modified their holdings of the stock. Divisar Capital Management LLC increased its holdings in Sequans Communications by 35.4% in the 2nd quarter. Divisar Capital Management LLC now owns 4,759,354 shares of the semiconductor company’s stock worth $9,709,000 after buying an additional 1,244,955 shares during the period. Gradient Investments LLC increased its holdings in Sequans Communications by 29.3% in the 2nd quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock worth $922,000 after buying an additional 102,559 shares during the period. Banque Pictet & Cie SA acquired a new position in Sequans Communications in the 2nd quarter worth approximately $326,000. FNY Investment Advisers LLC increased its holdings in Sequans Communications by 62.1% in the 3rd quarter. FNY Investment Advisers LLC now owns 130,465 shares of the semiconductor company’s stock worth $185,000 after buying an additional 50,000 shares during the period. Finally, AWM Investment Company Inc. increased its holdings in Sequans Communications by 2.2% in the 3rd quarter. AWM Investment Company Inc. now owns 9,264,157 shares of the semiconductor company’s stock worth $13,155,000 after buying an additional 198,100 shares during the period. Institutional investors own 37.12% of the company’s stock.

Shares of Sequans Communications stock traded down $0.10 during midday trading on Friday, hitting $1.05. The company had a trading volume of 54,432 shares, compared to its average volume of 157,664. The firm has a market capitalization of $92.03 million, a P/E ratio of -3.39 and a beta of 2.49. The company has a quick ratio of 1.10, a current ratio of 1.34 and a debt-to-equity ratio of 4.36. Sequans Communications has a 12-month low of $0.93 and a 12-month high of $2.61.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.01). The company had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $14.25 million. Sequans Communications had a negative net margin of 75.61% and a negative return on equity of 361.56%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) earnings per share. As a group, research analysts anticipate that Sequans Communications will post -0.31 earnings per share for the current fiscal year.

About Sequans Communications

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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